Ethereum Whales Signal Potential Q3 Rally Amid Market Correction
In a notable market move, a single ethereum whale address accumulated 17,070 ETH worth $39 million during a recent price dip to $2,116. This strategic accumulation coincides with a 13% market correction that erased nearly half of Ethereum's Q2 gains. Exchange data reveals significant activity, with 50,000 ETH flowing into spot markets and large holders systematically absorbing liquidity. The whale activity suggests potential preparation for a Q3 rally, as Ethereum tests key support levels. This development comes at a crucial time for ETH's price trajectory, with large investors demonstrating confidence in the asset's medium-term prospects despite short-term volatility. The accumulation pattern mirrors previous cycles where whale activity preceded significant price movements, making this a potentially bullish signal for Ethereum's performance in the coming quarter.
Whale Accumulates $39M in Ethereum Amid Market Correction
Ethereum whales are making strategic moves as ETH tests key support levels. A single address acquired 17,070 ETH worth $39 million when prices dipped to $2,116, signaling potential accumulation before a Q3 rally. This whale activity coincides with a 13% price correction that erased nearly half of Ethereum's Q2 gains.
Exchange data reveals 50,000 ETH flowing into spot markets, with large holders systematically absorbing liquidity. The number of wallets holding 1,000+ ETH has surged by 63 in 30 days, according to Glassnode metrics. Such accumulation patterns historically precede market stabilization periods.
While retail traders remain cautious, institutional players appear to be positioning for Ethereum's next leg up. The $2,500 level now serves as critical resistance, with the $2,116 support zone becoming the new battleground for market sentiment.
Market Expert Foresees Ethereum Rally After Price Correction
Crypto analyst Crypto Patel, who accurately predicted Ethereum's recent decline from $2,800, now signals potential upside momentum. The second-largest cryptocurrency breached key support at $2,500 after facing rejection from a resistance trendline, triggering a 22% drop to $2,200.
Patel's chart analysis shows ETH hovering at the $2,244 Fibonacci level, with $2,116 constituting the next critical support zone. "While the dump was anticipated," he observes, "the current levels present strategic accumulation opportunities." The breakdown invalidated Ethereum's mid-term bullish structure, but the analyst emphasizes the asset's long-term growth potential remains intact.
Ethereum Surges 8% as Ceasefire Boosts Crypto Sentiment
Ethereum (ETH) rallied 8.61% over the past 24 hours, climbing to $2,420 after former U.S. President Donald Trump announced a ceasefire agreement between Israel and Iran. The unexpected diplomatic breakthrough eased market tensions and revived risk appetite, triggering a broad crypto rebound led by ether.
Trump revealed the phased de-escalation plan on Truth Social, noting Iran's initial 12-hour ceasefire followed by Israel's compliance, culminating in a full 24-hour cessation. The deal averted a protracted conflict, with TRUMP commending both nations for restraint.
Bullish momentum accelerated for high-beta assets like ETH, fueled by pre-rally whale accumulation. On-chain data shows large holders scooped up over $265 million worth of Ethereum during recent dips, including one address acquiring 47,070 ETH ($113 million) in three days.
Network fundamentals strengthened the rally. Weekly new wallet creations hit 1 million since mid-May—a 50% annual increase—while volatility contraction has traders eyeing a $2,500 breakout. ETH surged from $2,230 to $2,401 within 24 hours, with concentrated buying at $2,400.
Ethereum Eyes Breakout Toward $4,204 With Key Technical Formation In Play
Ethereum's recent volatility saw it dip below $2,500, testing support NEAR $2,200. Yet, technical indicators suggest a potential rebound. A Cup and Handle pattern on the weekly chart—a classic bullish signal—hints at upward momentum.
Analyst ROSE Premium Signals notes ETH's consolidation phase could precede a sharp rally. The neckline resistance at $2,600 remains pivotal. If breached, the pattern projects a target near $4,204, echoing Ethereum's historical resilience amid market turbulence.
Ethereum Price Rebounds Strongly, Clears $2,350 Resistance With 8% Gain
Ethereum surged past key resistance levels, marking an 8% gain as bulls reclaimed control. The rally from $2,120 breached multiple barriers, including a bearish trendline at $2,240 on the ETH/USD hourly chart. Kraken data confirms the breakout above the 100-hour SMA, with momentum eyeing the $2,460 zone.
Technical indicators suggest consolidation near the 76.4% Fib retracement level of the recent downturn. A decisive close above $2,500 could propel ETH toward $2,550, completing the recovery from June's swing low. Market sentiment mirrors Bitcoin's resurgence, though on-chain data shows thinner liquidity above current levels.
Ethereum Whales Accumulate Amid Price Dip, Signaling Long-Term Confidence
Ether has slumped 13.6% over the past week, dragged down by escalating Middle East tensions. The second-largest cryptocurrency now trades near $2,200 after peaking at $2,869 on June 11. Yet blockchain data reveals large holders are treating the drop as a buying opportunity rather than an exit signal.
On-chain analytics show no repeat of 2021's whale exodus patterns, when Ethereum's double-top formation preceded massive sell-offs. CryptoQuant data indicates wallet outflows remain subdued despite the correction. 'The absence of withdrawal spikes suggests conviction among major holders,' noted analyst Mignolet.
Evidence of accumulation emerged as wallets holding 10,000+ ETH collectively added $265 million during Tuesday's sell-off. 'Whales are buying this dip aggressively,' observed market commentator Ted Pillows. The buying pressure underscores institutional belief in Ethereum's fundamental value proposition despite short-term volatility.
